Wells Fargo & Company (NASDAQ:WFC) To Release Earnings

14 Juillet, 2017, 16:02 | Author: Marc Bacque
  • Wells Fargo

Expenses as a share of revenue in the second quarter was 61.1%, slightly above the new target of 60% to 61% set at an investor presentation in May.

The bank had been expected to show profit of $1.01 per share on revenue of $22.47 billion. Zacks Investment Research raised shares of Wells Fargo & Company from a "sell" rating to a "hold" rating in a research report on Monday. During the same period in the prior year, the firm posted $0.99 EPS. Rowland Com Investment Counsel Adv invested 0% of its portfolio in Wells Fargo & Co (NYSE:WFC). It reported last quarter that new account openings declined by 35% in March from the same month previous year, but were up 7% from February. The company has market cap of $278.51 billion. The firm earned "Hold" rating on Monday, April 11 by Sandler O'Neill. The biggest holder now is Timothy J. Sloan who owns 754,581 shares (0.02% of those outstanding), whilst Robert K. Steel holds 601,903 (0.01% of shares outstanding) and Mark C. Oman holds 496,621 (0.0099% of shares outstanding).

TRADEMARK VIOLATION NOTICE: "Enterprise Financial Services Corp Reduces Position in Wells Fargo & Co (WFC)" was originally published by The Cerbat Gem and is the property of of The Cerbat Gem.

Analysts await Old Dominion Freight Line (NASDAQ:ODFL) to report earnings on July, 27. $1.47 million worth of stock was sold by CARROLL DAVID M on Wednesday, March 22.

The company is now up by 0.78 percent from yesterday's close.

Wall Street expects Citi earnings to slip from the first quarter. BERKSHIRE HATHAWAY INC had sold 7.13M shares worth $383.92M.

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Total average deposits were $1.3 trillion, up $64.5 billion, or 5 percent and total average loans stood at $956.9 billion, up $6.1 billion, or 1 percent. Therefore 43% are positive. $1.04M worth of stock was sold by Loughlin Michael J on Tuesday, March 21.

Costs at Wells Fargo increased 5.2% to $13.54 billion from $12.87 billion in the second quarter of 2016. The New York-based 13D Management Llc has invested 3.85% in the stock. Azimuth Capital Mgmt Ltd Liability Com has invested 0.62% in Wells Fargo & Co (NYSE:WFC).

On December 1, 2016 the stock rating was rated "Neutral" by Susquehanna down from the previous "Positive" rating. Analysts forecast that Wells Fargo & Co will post $4.14 earnings per share for the current fiscal year. Benchmark maintained it with "Buy" rating and $106 target in Wednesday, March 1 report. As per Wednesday, January 11, the company rating was reinitiated by UBS. FBR Capital downgraded Wells Fargo & Co (NYSE:WFC) on Wednesday, October 19 to "Mkt Perform" rating. Another trade for 20,000 shares valued at $1.04 million was made by Hardison Hope A. on Tuesday, May 16. ODFL's profit will be $88.41 million for 23.19 P/E if the $1.07 EPS becomes a reality. Dodge & Cox acquired a new stake in Wells Fargo & Co during the fourth quarter valued at about $3,942,119,000. In last 4 months performance of NSEC was -7.40% while its price to sale ratio is 0.56 and price to book ratio is 0.77. The firm has "Buy" rating by Deutsche Bank given on Thursday, September 22. Tweedy Browne Lc holds 6.52% or 3.79M shares in its portfolio. Macquarie Research maintained it with "Underperform" rating and $50 target in Friday, September 25 report. Schaper Benz Wise Counsel Incorporated Wi has 236,532 shares for 2.31% of their portfolio.

Public Sector Pension Investment Board decreased Accenture Plc Ireland (NYSE:ACN) stake by 2,800 shares to 136,853 valued at $16.03 million in 2016Q4. The firm has "Strong-Buy" rating by Vining Sparks given on Friday, April 28. The stock of Wells Fargo & Co (NYSE:WFC) earned "Neutral" rating by Compass Point on Tuesday, January 19. Finally, Keefe, Bruyette & Woods reissued a "buy" rating and issued a $62.00 price target on shares of Wells Fargo & Co in a research note on Friday, June 23rd.

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